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12/19/25
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Mapa Group LLC paid $3.13 mil for a 2.5k sf ARCO AMPM gas station and convenience store in Phoenix. The property, located at 1201 East Northern Ave, was sold by CAZCO Asset Management.
The property features an absolute NNN lease with Westcoast Petroleum Newports AZ Corp, which operates 18 locations and brings a strong personal guaranty. The building was constructed in 1987 and is positioned on a high-visibility hard corner with more than 62,375 vehicles passing daily at 12th St and Northern Ave. The site benefits from bonus depreciation, offering significant tax advantages to the new owner.
Located in a densely populated trade area, the property is surrounded by over 359,000 residents within a five-mile radius. The immediate area features a robust mix of national retailers as well as numerous dining and service options.
Cushman & Wakefield’s Chris Hollenbeck and Shane Carter represented the seller in the transaction. According to Hollenbeck, the long-term lease, bonus depreciation eligibility and robust area demographics made this a compelling opportunity for investors seeking stable cash flow in a growing market.
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